Fed's Williams: We're well on the way to where we need to be

• Says 6-7% is 'definitely not my baseline' but will be data dependent
• There are some favorable things underway, cities supply chains and goods prices
• Sees 3-3.5% inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term next year
• Inflation is still high in core services and that will probably be persistent
• We're clearly not in a recession right now
• We're going to have an economy growing modestly next year
• I don't think we've lost credibility at all

That last one is a stretch.